AVENUE SCHOLARS IOWA (EIN 841914779) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2018

Legal Domicile

Principal Officer

MIKE ALVANO

Phone

7127963612

Tax Period

2024-09-01 to 2025-08-31

AVENUE SCHOLARS IOWA, founded in 2018, is a community nonprofit in the Education sector that reported $3.1M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year.

Mission

AVENUE SCHOLARS IOWA'S PRIMARY GOAL IS TO ENSURE CAREERS FOR STUDENTS IN NEED THROUGH EDUCATION/TRAINING AND SUPPORTIVE (SOCIALLY, ACADEMICALLY, AND FINANCIALLY) RELATIONSHIPS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,008,135

Program Service Revenue $0

Investment Income $92,895

Other Revenue $3,960

TOTAL REVENUE $3,104,990

Expense Breakdown

Grants Paid $336,822

Salaries & Benefits $2,099,794

Fundraising Expenses $10,796

Program Expenses $2,565,541

Other Expenses $688,043

TOTAL EXPENSES $3,135,455

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,104,990	$3,394,443	-0.1%
Expenses	$3,135,455	$2,592,752	+0.2%
Net Income	$-30,465	$801,691	-1.0%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,267,704

Total Directors

$861,057

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ED MAY	CHAIRMAN	1.00	Officer Director	$0	$0	$0
KEN BIRD	PRESIDENT	1.00	Officer Director	$0	$33,987	$555,344
MICHAEL ALVANO	VP/TREASURER/SECRETARY	1.00	Officer Director	$0	$56,048	$305,713
CARA COOL-TREDE	EXECUTIVE DIRECTOR (SWIA)	40.00	Officer	$145,467	$46,735	$192,202
NOELLE NELSON	EXECUTIVE DIRECTOR (DSM)	40.00	Officer	$171,503	$42,942	$214,445

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$3,104,990	$3,135,455	$4,160,045	$-30,465
2024	$3,394,443	$2,592,752	$4,190,510	$801,691
2023	$2,970,201	$1,989,486	$3,435,046	$980,715
2022	$2,773,958	$1,231,090	$2,470,834	$1,542,868
2021	$1,225,839	$688,181	$875,770	$537,658
2020	$685,910	$567,664	$420,301	$118,246

AVENUE SCHOLARS IOWA